China Tungsten and Hightech Materials Co Ltd (000657) — Tangible Net Worth Ratio
China Tungsten and Hightech Materials Co Ltd (000657) has a Tangible Net Worth Ratio of 88.8% as of March 2026. This metric is calculated by deducting intangible assets (CN¥1.30 Billion) from net assets (CN¥11.59 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See China Tungsten and Hightech Materials Co working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
China Tungsten and Hightech Materials Co Ltd Tangible Net Worth Ratio (1993–2025)
This chart shows how China Tungsten and Hightech Materials Co Ltd's Tangible Net Worth Ratio has changed across 33 annual periods from 1993 to 2025. As of March 2026, the ratio stands at 88.8%, reflecting net assets of CN¥11.59 Billion with intangible assets of CN¥1.30 Billion CNY. See how many days can China Tungsten and Hightech Materials Co fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for China Tungsten and Hightech Materials Co Ltd (1993–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for China Tungsten and Hightech Materials Co Ltd from 1993 to 2025, covering 33 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see 000657 stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 87.6% | CN¥10.56 Billion | CN¥1.31 Billion | CN¥21.44 Billion | ▼ -1.2 pp |
| 2024 | 88.9% | CN¥8.29 Billion | CN¥921.99 Million | CN¥17.42 Billion | ▼ -1.5 pp |
| 2023 | 90.4% | CN¥7.90 Billion | CN¥759.38 Million | CN¥15.71 Billion | ▼ -1.7 pp |
| 2022 | 92.1% | CN¥6.12 Billion | CN¥486.11 Million | CN¥11.70 Billion | ▲ +1.0 pp |
| 2021 | 91.0% | CN¥5.63 Billion | CN¥506.37 Million | CN¥9.82 Billion | ▲ +1.7 pp |
| 2020 | 89.3% | CN¥4.94 Billion | CN¥530.09 Million | CN¥9.28 Billion | ▲ +2.2 pp |
| 2019 | 87.1% | CN¥4.07 Billion | CN¥527.23 Million | CN¥7.84 Billion | ▲ +1.7 pp |
| 2018 | 85.4% | CN¥3.78 Billion | CN¥551.69 Million | CN¥7.44 Billion | ▲ +0.7 pp |
| 2017 | 84.7% | CN¥3.75 Billion | CN¥575.44 Million | CN¥7.42 Billion | ▲ +1.8 pp |
| 2016 | 82.9% | CN¥3.51 Billion | CN¥600.57 Million | CN¥6.67 Billion | ▼ -1.0 pp |
| 2015 | 83.9% | CN¥3.46 Billion | CN¥558.30 Million | CN¥6.83 Billion | ▼ -1.8 pp |
| 2014 | 85.6% | CN¥3.92 Billion | CN¥563.79 Million | CN¥7.82 Billion | ▼ -3.5 pp |
| 2013 | 89.1% | CN¥3.92 Billion | CN¥425.76 Million | CN¥9.62 Billion | ▲ +3.4 pp |
| 2012 | 85.8% | CN¥2.86 Billion | CN¥405.93 Million | CN¥8.53 Billion | ▼ -13.5 pp |
| 2011 | 99.3% | CN¥332.93 Million | CN¥2.19 Million | CN¥393.42 Million | ▲ +0.1 pp |
| 2010 | 99.3% | CN¥328.31 Million | CN¥2.44 Million | CN¥374.84 Million | ▲ +0.2 pp |
| 2009 | 99.0% | CN¥320.65 Million | CN¥3.05 Million | CN¥458.55 Million | ▲ +0.1 pp |
| 2008 | 98.9% | CN¥331.21 Million | CN¥3.49 Million | CN¥446.09 Million | ▼ -0.1 pp |
| 2007 | 99.0% | CN¥370.66 Million | CN¥3.65 Million | CN¥889.18 Million | ▼ -0.3 pp |
| 2006 | 99.3% | CN¥596.15 Million | CN¥4.14 Million | CN¥1.07 Billion | ▼ -0.1 pp |
| 2005 | 99.4% | CN¥734.95 Million | CN¥4.24 Million | CN¥1.29 Billion | ▼ -0.1 pp |
| 2004 | 99.5% | CN¥734.12 Million | CN¥3.40 Million | CN¥1.32 Billion | ▲ +0.2 pp |
| 2003 | 99.3% | CN¥586.25 Million | CN¥3.85 Million | CN¥1.08 Billion | ▼ -0.1 pp |
| 2002 | 99.4% | CN¥553.65 Million | CN¥3.19 Million | CN¥995.42 Million | ▼ 0.0 pp |
| 2001 | 99.4% | CN¥519.91 Million | CN¥2.93 Million | CN¥1.02 Billion | ▼ 0.0 pp |
| 2000 | 99.5% | CN¥505.24 Million | CN¥2.69 Million | CN¥909.56 Million | ▼ -0.3 pp |
| 1999 | 99.8% | CN¥481.40 Million | CN¥1.18 Million | CN¥883.89 Million | ▲ +0.3 pp |
| 1998 | 99.5% | CN¥227.78 Million | CN¥1.21 Million | CN¥445.94 Million | ▲ +3.8 pp |
| 1997 | 95.6% | CN¥249.05 Million | CN¥10.86 Million | CN¥418.20 Million | ▲ +0.6 pp |
| 1996 | 95.0% | CN¥225.17 Million | CN¥11.23 Million | CN¥358.93 Million | ▲ +6.4 pp |
| 1995 | 88.6% | CN¥99.58 Million | CN¥11.35 Million | CN¥201.70 Million | ▼ -11.4 pp |
| 1994 | 100.0% | CN¥91.05 Million | CN¥0.00 | CN¥183.34 Million | ▲ +0.0 pp |
| 1993 | 100.0% | CN¥89.69 Million | CN¥0.00 | CN¥110.86 Million | — |